How Microsoft Dynamics 365 Business Central Can Help Your Business Manage Inventory Effectively

Any business must manage their inventory effectively because it can significantly affect their bottom line. Stockouts can be avoided, carrying costs can be decreased, and your supply chain's overall efficiency can be increased.

Small and medium-sized enterprises (SMBs) may use Microsoft Dynamics 365 Business Central, an all-in-one cloud-based enterprise resource planning (ERP) solution.

We'll look at how Microsoft Dynamics 365 Business Central can improve inventory management in your company in this blog article.

Real-Time Inventory Tracking

Real-time inventory monitoring is one of Microsoft Dynamics 365 Business Central's main advantages. With real-time access into your inventory levels, the solution enables you to keep an eye on stock levels and spot possible stockouts early on.

You can monitor your inventory levels across several warehouses and locations using Microsoft Dynamics 365 Business Central, ensuring that you always have the proper items in stock.

You may monitor inventory movements in real-time with the assistance of the solution, which also gives you total supply chain insight and aids in the detection of possible bottlenecks.

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Calculating Reorder Points Automatically

Automated reorder point calculation is another feature of Microsoft Dynamics 365 BusinessCentral that allows you to set up automatic notifications when inventory levels drop below a certain level.

In order to make sure you always have adequate inventory to satisfy consumer demand, the system estimates reorder points based on historical demand, lead times, and safety stock levels.

You can reduce the chance of stockouts and make sure you always have the proper goods in stock by automating the reorder point calculation.

This may assist you in enhancing customer service while lowering the possibility of missed revenue because of stockouts.

Simple Tracking of Lots and Serial Numbers

Businesses that deal with perishable or high-value goods must monitor lot and serial numbers. You can easily trace lot and serial number movements using Microsoft Dynamics 365 Business Central, which lets you monitor the movement of specific goods throughout your supply chain.

You may assign lot and serial numbers to specific items using Microsoft Dynamics 365 Business Central, allowing you to follow their progress from manufacture through delivery.

By doing so, you can lower the likelihood of fraud or counterfeiting, assure regulatory compliance, and uncover any quality control concerns.

Read Also | The Future of Payroll Management: Cloud-Based Solutions

Processing Orders Automatically

Processing orders manually, in particular, may be a time-consuming and error-prone operation. With automated order processing provided by Microsoft Dynamics 365 Business Central, you can optimise your order processing operations and reduce mistakes.

You can automate order processing processes including order generation, order fulfilment, and shipment using Microsoft Dynamics 365 Business Central. You may manage your complete supply chain from a single platform by integrating the solution with third-party logistics providers.

Reporting and Analytics in Full

Last but not least, Microsoft Dynamics 365 Business Central provides extensive reporting and analytics features that let you learn crucial things about your inventory management procedures.

You may track key performance indicators (KPIs) and goal progress using the solution's customisable dashboards and reports.

You can get real-time insights into your inventory levels, stock movements, and order processing delays with Microsoft Dynamics 365 Business Central.

Your inventory management procedures may be optimised as a result, increasing the effectiveness of your supply chain as a whole.

Conclusion

For organisations of all sizes, efficient inventory management is essential. Microsoft Dynamics 365 Business Central provides a variety of tools and functions that may assist you in managing your inventory more efficiently.

Microsoft Dynamics 365 Business Central can assist you in streamlining your inventory management procedures and enhancing the effectiveness of your entire supply chain by offering real-time inventory tracking, automated reorder point calculation, lot and serial number tracking, automated order processing, comprehensive reporting, and analytics. Microsoft Dynamics 365 Business Central can be the answer if you're trying to streamline your inventory management procedures.

Dynamics Business Solutions (DBS) is certified Microsoft Dynamics partner in UAE, we take pride in our ability to develop and deploy the right business solution that matches global client’s requirements. Our in-house developed state of the art solutions Dynamo & DynaPay for HRMS and Payroll on top of MS Dynamics 365 FO and Business Central are capable enough to cater to all requirements related to HR and Payroll.

To know more, speak to our expert at Dubai: +971 4 447 5525 Abu Dhabi: +971 2 222 2100 or inbox us your query at info@dynamics.ae OR visit www.dynamics.ae